Buy Chainlink (LINK)

Follow the steps below to easily and securely buy Chainlink.

You can securely store your Chainlink in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Chainlink. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Chainlink with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Chainlink with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Chainlink through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Chainlink is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Chainlink involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Chainlink, it is important to understand the risks.

Volatility: The price of Chainlink can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Chainlink is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Chainlink through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Chainlink or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

At Finst, we support several order types to buy Chainlink: Market Order, Limit Order, and Auto Invest (DCA).

- With a Market Order, you buy Chainlink instantly at the best available market price.

- Do you want to buy Chainlink at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Chainlink. Your order will be executed once your limit price is reached on the market.

- Do you want to invest in Chainlink without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

Yes, on our platform, you can easily buy Chainlink with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Chainlink reaches your limit price or lower.

A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Chainlink without any action required or additional fees.

Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

Yes, you can send your Chainlink to an external wallet. With Finst, you can easily send your Chainlink to a hardware or a software wallet.

Yes, you can store Chainlink (LINK) on hardware wallets such as Ledger or Trezor.

Chainlink is a decentralized oracle network that serves as a bridge between off-chain data and blockchains. Its oracles facilitate secure computations both on-chain and off-chain, supporting hybrid smart contracts and a cross-chain interoperability protocol.

Smart contracts are self-executing programs on the blockchain, but they usually can’t interact with things outside the blockchain like weather data, stock prices, or sports scores. Chainlink solves this by using a decentralized network of ‘oracles’ that bring accurate information from the real world onto the blockchain.

The LINK token is used to pay for these services and reward the oracles for providing trustworthy data. By connecting blockchains with real-world information, Chainlink makes smart contracts more useful and powerful.

The Chainlink blockchain operates on the Ethereum platform, which utilizes a proof-of-stake consensus mechanism. Furthermore, Chainlink is an open-source project, allowing anyone to access its code and contribute to its development.

The Chainlink blockchain enables the secure exchange of inputs, outputs, and computations. Key features of Chainlink include:

- Decentralized data feeds: Chainlink securely collects and processes data from various sources, supporting hybrid smart contracts.

- Verifiable randomness: Chainlink provides cryptographically secure randomness, which is useful for applications like gaming.

- Automation: Chainlink smart contracts can automate essential tasks and event-driven functions for businesses.

- Cross-blockchain interoperability: Chainlink connects different blockchain platforms, enabling the exchange of messages, tokens, and specific actions.

Unlike traditional oracles that are centralized, Chainlink decentralizes the movement of data to and from blockchains through ‘hybrid smart contracts.’ LINK tokens are used to incentivize Chainlink network operators to retrieve off-chain data, format it for accessibility, and perform off-chain computations.

The Chainlink decentralized oracle network is made up of nodes that follow established protocols. Node operators are required to stake a specified amount of LINK tokens, and they set their fees based on the demand for the off-chain resources they provide.

By enabling decentralized, tamper-proof data exchange between blockchains and off-chain systems, the Chainlink oracle network has numerous applications. Chainlink has been used for a range of purposes, including the fair distribution of non-fungible tokens (NFTs), gamifying personal savings, and recalibrating cryptocurrency token supplies, among others.

LINK is the native cryptocurrency of Chainlink, a decentralized oracle network that connects smart contracts with real-world data. These oracles are incentivized with LINK tokens, which are used as payment for their services and as collateral to ensure honest behavior. This system allows decentralized applications (dApps) to access accurate, tamper-proof data, enabling use cases like DeFi (Decentralized Finance), gaming, supply chain management, and insurance. By ensuring data integrity and reliability, Chainlink and LINK play a crucial role in expanding blockchain functionality beyond simple transactions.

Chainlink’s security is driven by its decentralized network of oracles, which ensures reliable and tamper-proof data feeds for smart contracts. By leveraging multiple independent oracles to verify data, Chainlink eliminates the risk of a single point of failure, making it highly resistant to attacks and manipulation. Its robust cryptographic techniques, combined with the use of secure hardware and verifiable randomness, further enhance the integrity of data inputs. With a transparent and verifiable infrastructure, Chainlink’s security guarantees that smart contracts can operate with confidence, even in complex, real-world environments.

Chainlink was founded in 2017 and launched in 2019 by Steve Ellis, Ari Juels, and Sergey Nazarov. Sergey, a seasoned entrepreneur with a background in cryptography and decentralized systems, saw the potential to connect smart contracts to real-world data in a secure, reliable way. Steve Ellis, a former engineer at Pivotal Labs, brought his expertise in software engineering to the project, helping to build the robust infrastructure behind Chainlink. Together, they created a decentralized oracle network that bridges the gap between blockchains and off-chain data, revolutionizing the way smart contracts interact with the real world.

Chainlink was conceived in 2017 and officially launched in 2019 by Steve Ellis, Ari Juels, and Sergey Nazarov to solve the ‘blockchain oracle problem.’ Oracles are entities that facilitate communication between two systems that are not directly compatible. This problem impacts all blockchains, as they are self-contained environments that cannot directly exchange data with external systems.

Blockchain protocols cannot enable this kind of interaction due to security concerns, as it would compromise the integrity for which blockchains are known. Oracles, however, allow external data to trigger smart contracts, something that blockchain systems are not inherently designed to do.